Topic
fiscal year
Business India's current account deficit likely to widen to 1.5% of GDP in FY27 as higher oil prices weigh: Report
According to a Crisil report, India's current account deficit is expected to widen to 1.5% of GDP in FY27 from 0.6% in FY26, driven by higher crude oil and commodity prices. The forecast follows official trade data showing the merchandise trade deficit widening to $30.4 billion in June. Crude oil prices are expected to average $82-87 per barrel this fiscal.
Commodities India's LPG Subsidy Bill May Exceed Rs 1 Lakh Crore, Far Beyond Budget Provision
According to a PL Capital report, India's LPG subsidy spending could exceed Rs 1 lakh crore in FY27, far surpassing the budgeted Rs 30,000 crore. The subsidy loss per cylinder is currently Rs 490. Total major subsidies in April-May 2026 rose 47% year-on-year to Rs 755.4 billion, with food and fertilizer subsidies also surging.
Trade US overtakes China as largest buyer of Indian spices in FY26 as Chinese demand plunges
In FY26, the United States overtook China as the largest buyer of Indian spices by value, with exports to the US reaching $624.35 million. Overall Indian spice exports declined 6.1% to $4,430 million, driven by a 32% drop in shipments to China as the country boosted domestic chilli and cumin production.
Business India's Invisible Surplus Widens to $90.5 Billion in Q4 FY26 as Remittances Jump 30%
India's invisible surplus widened to $90,513.93 million in Q4 FY26, up 24.05% year-on-year, driven by a 30% jump in remittances and robust services exports. For FY26, the surplus expanded 18.20% to $312,047.60 million, providing a larger cushion to the current account.
Trade India Targets $1 Trillion in Exports This Fiscal Year, Says Piyush Goyal
India's Commerce Minister Piyush Goyal announced a target of $1 trillion in exports for the current fiscal year, up from $863 billion last year. Goods exports must grow 17% to $530 billion, and services 11% to $470 billion. The minister also noted operational FTAs with Oman and UAE, and an expected India-UK deal by July 15.
Business India's Real GDP Growth Likely at 6.6% in FY27 Amid Energy Stress, Weaker Monsoon: S&P Report
S&P Global Ratings projects India's real GDP growth at 6.6% for FY27, driven by resilient global activity and AI investment but tempered by energy stress, a weak monsoon, and rising inflation. Consumer inflation is expected to hit 5.1%, with a policy rate hike anticipated in the second half of the fiscal year.
Business FY27 Kicks Off Strong: Double-Digit Sales Growth in Apparel, ACs, and Premium Goods, But Monsoon and Inflation Risks Loom
India’s new fiscal year has opened with robust double-digit sales growth in apparel and white goods, driven by a scorching summer and GST rate cuts. However, companies and analysts warn that an uneven monsoon and accelerating inflation could weigh on demand in coming months. A Bank of America report highlights El Nino risks to retail inflation.
Trade India on track for $1 trillion exports in FY27, says Piyush Goyal amid US trade deal talks
Union Minister Piyush Goyal reaffirmed India's target of $1 trillion in exports by fiscal year 2026-27 (FY27), citing free trade agreements and ease of doing business. He also revealed that India and the US have finalised the framework for a trade agreement, pending tariff advantage. Cumulative exports in April-May 2026-27 rose 14.66% year-on-year to $162.69 billion. Separately, Goyal announced that the bulk of the ₹10,000-crore Startup India Fund of Funds 2.0 is earmarked for AI startups, and highlighted Mumbai's advantage for data centre investments.
Logistics Middle East Conflict to Cut Airline Profits 10-15% This Fiscal as ATF Costs, Rupee Pressure Bite: Report
A Crisil report warns that Indian airlines' operating profits could drop 10-15% this fiscal year, driven by elevated aviation turbine fuel prices, airspace restrictions, and rupee depreciation stemming from the Middle East conflict. ATF prices remain 50% above pre-conflict levels, and lease costs are rising. The report highlights ongoing pressure despite a government cap on domestic ATF hikes.
Business India's GDP Grows 7.7% in FY26; RBI Lowers FY27 Forecast
India's GDP expanded by 7.7% in FY26, driven by strong investment and sectoral growth. However, the RBI has revised its FY27 growth forecast down to 6.6%, citing global economic challenges.